Overview

* American Realty Q3 net income improves to $0.1 mln from $17.5 mln loss last yr

* Revenue rises $1.2 mln in Q3, driven by multifamily and commercial properties

* Company sold Villas at Bon Secour, using proceeds for debt repayment and corporate purposes

Outlook

* American Realty Investors ( ARL ) did not provide specific future guidance

Result Drivers

* OCCUPANCY INCREASE - Revenue growth driven by increased occupancy in multifamily and commercial properties, particularly Stanford Center

* LEASE-UP PROCESS - Initial tranche of completed units from Alera, Bandera Ridge, and Merano received, starting lease-up process

* PROPERTY SALE - Sale of Villas at Bon Secour used to pay off debt and for corporate purposes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $12.80

Rental mln

Revenues

Q3 Net $100,000

Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)